Whale Investors Amass $3.5 Billion in Bitcoin Holdings


Whale buying signals positive market sentiment as Bitcoin shows steady growth at $26,799.

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Bitcoin whales have been actively acquiring the cryptocurrency in the market over the past two months, accumulating nearly $3.5 billion worth of BTC since early April. Despite a perceived decline in BTC’s value, these large holders remain bullish on the long-term prospects of Bitcoin.

Bitcoin whales continue to accumulate the cryptocurrency, as Santiment reports a significant $3.5 billion influx into wallets holding 1,000 to 10,000 BTC since early April, despite the recent price drop.



Whale buying signals positive long-term outlook, with Santiment observing divergent reactions to Blackrock and SEC litigation and increased BTC whale trades.

BlackRock’s application for a spot Bitcoin ETF with the SEC contributes to Bitcoin’s upward momentum. The move by the investment firm signals increasing institutional interest in the cryptocurrency.

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Bitcoin’s price of $26,799 shows consistent growth near the $27,000 mark. Additionally, Bitcoin’s dominance, which measures its market capitalization compared to the overall cryptocurrency market, has surpassed 50%. As per CoinMarketCap, the total value of all Bitcoin in circulation is currently $522 billion.

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Michael Saylor predicts that Bitcoin’s dominance in the cryptocurrency market will surpass 80% due to increasing government actions against other digital currencies. While the SEC has categorized 68 cryptocurrencies as securities, Saylor highlights Bitcoin’s widespread recognition as the industry’s leading digital asset.


Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.

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